News coverage about Freshpet (NASDAQ:FRPT) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Freshpet earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.5742091564025 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages have issued reports on FRPT. Oppenheimer reaffirmed a “hold” rating on shares of Freshpet in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BidaskClub downgraded shares of Freshpet from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $22.00 price target on shares of Freshpet in a report on Wednesday, January 3rd. Finally, Susquehanna Bancshares began coverage on shares of Freshpet in a report on Monday, October 2nd. They issued a “neutral” rating and a $15.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.64.
Freshpet (NASDAQ:FRPT) opened at $18.60 on Wednesday. The stock has a market cap of $651.90, a P/E ratio of -132.85 and a beta of 1.97. Freshpet has a one year low of $9.25 and a one year high of $20.50.
Freshpet (NASDAQ:FRPT) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $41.20 million for the quarter, compared to the consensus estimate of $41.19 million. Freshpet had a negative net margin of 3.04% and a negative return on equity of 4.19%. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. analysts anticipate that Freshpet will post -0.11 earnings per share for the current fiscal year.
In related news, CFO Richard A. Kassar sold 15,125 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $17.92, for a total transaction of $271,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard A. Kassar sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $18.93, for a total transaction of $189,300.00. Following the transaction, the chief financial officer now directly owns 209,994 shares of the company’s stock, valued at approximately $3,975,186.42. The disclosure for this sale can be found here. Insiders have sold 68,218 shares of company stock worth $1,211,499 in the last three months. Insiders own 6.80% of the company’s stock.
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Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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